FAO meat price index reaches record high in June

Pig meat prices recovered slightly on higher imports by several leading importers, amid continued low purchases by China.

The FAO Meat Price Index averaged 124.7 points in June, up 2.1 points (1.7%) from May, setting a new record high and exceeding by 14.0 points (12.7%) its June 2021 value. World prices across all meat types increased, with poultry quotations rising sharply, reaching an all-time high, underpinned by the continued tight global supply conditions impacted by the war in Ukraine and the Avian Influenza outbreaks in the Northern Hemisphere. Bovine meat prices edged up, as China lifted its import restrictions for purchases from Brazil. Meanwhile, pig meat prices recovered slightly on higher imports by several leading importers, amid continued low purchases by China. International ovine meat prices also bounced back on lower exportable volumes from New Zealand, notwithstanding subdued demand from Northern Asia.

Tags: pork, prices, FAO